XE vs TransferGo Comparison

XE, a subsidiary of Euronet Worldwide, has been a trusted name in currency exchange since the 1990s, evolving into a comprehensive money transfer provider with a global reach. It caters to both individual and business clients, offering a wide range of currencies and sophisticated financial tools like hedging and mass payments.

On the other hand, TransferGo, founded in 2012, has quickly made its mark with a focus on fast, affordable remittances, particularly within Europe. It prides itself on same-day transfers and a high customer satisfaction rate, appealing to individuals who need quick and reliable money transfer services.

Both companies are fully regulated and have garnered positive reviews for their customer-centric approaches, making them strong contenders for anyone looking to send money abroad.

Customers

Company NameXETransferGo
Logo
XE logo new
transfergo new logo
XE ReviewTransferGo Review
Customer rating4.3/54.8/5
# Rating Customers65,000+ on Trustpilot22,500+ on Trustpilot
Top 3 Pros
  • Great customer reviews
  • No fee for large transfers
  • Wide range of currencies
  • Fast transfers (30 mins option available)
  • High client approval rating
  • Low fixed fees
Top 3 Cons
  • Fee for transfers under Β£1,000
  • No dedicated dealer for low volume traders
  • No virtual bank accounts
  • Limited to sending from 8 currencies
  • Free transfers are slower
  • Margins not as tight as competitors

Availability

Company NameXETransferGo
Logo
XE logo new
transfergo new logo
Office locationsUK, Spain, Canada, Australia, New ZealandUK, Lithuania, Germany, Poland, Turkey
# Currencies98+60+

Security

Company NameXETransferGo
Logo
XE logo new
transfergo new logo
Regulated byFCA, and other global regulatorsFCA, Bank of Lithuania
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FANoNo

Limits and Fees

Company NameXETransferGo
Logo
XE logo new
transfergo new logo
Min transferNo minimumNo minimum
Max transferΒ£350,000+ (varies by currency)Not specified
Fixed feesΒ£1.99 for transfers under Β£1,000Β£0 – Β£2.99 depending on speed
See rates before you log in?YesYes

Customer Support

Company NameXETransferGo
Logo
XE logo new
transfergo new logo
Dedicated DealerYes (for high volume traders)No
EmailYesYes
PhoneYesYes
Live ChatNoNo
24/7NoNo

Ways to Transfer

Company NameXETransferGo
Logo
XE logo new
transfergo new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoNo
Cash PickupYesNo
Card Top-UpNoNo

Additional Functions

Company NameXETransferGo
Logo
XE logo new
transfergo new logo
HedgingYesNo
Mass paymentsYesYes (for business clients)
Cash chequesNoNo
Multi-Currency Debit CardNoNo

Conclusion

On MoneyTransferComparison, XE has received a higher editorial score. The advantages of XE over TransferGo are these:

  • A wider range of currencies supported.
  • The availability of cash pickup options.
  • The provision of hedging and mass payment services for business clients.

XE is better for larger transactions and for businesses that require hedging options or need to make mass payments. Its global reach and the ability to handle a vast array of currencies make it a versatile choice for complex international money transfer needs.

TransferGo is better for individuals who need fast, same-day transfers and for those sending money within Europe. Its competitive fees for rapid transfers and the high approval rating from customers make it an excellent choice for personal remittances and smaller transactions.